By Harry Allison
So now it’s up to Gov. Chris Christie — whose popularity is a barely perceptible 15% — to decide if New Jersey fantasy players will have to pay a tax!
The Senate has given final legislative approval to a Democratic-sponsored measure that would establish guidelines for companies like DraftKings and FanDuel that operate such games in the Garden State and impose a 10.5 % tax on the companies’ winnings.
The state Assembly, which is also controlled by Democrats, passed the measure last month.
The legislation now heads to Christie’s desk for his signature or veto.
In daily fantasy sports, players create virtual teams made up of professional athletes and compete against each other in either daily or weekly competitions to win money. The industry exploded in popularity in recent years, thanks in part to ubiquitous television commercials.